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Monday January 22, 2007
New Member Appointed to Cadiz Board of Directors

Source: Business Wire

Los Angeles, CA - Cadiz Inc., (Nasdaq:CDZI), is pleased to announce today the appointment of Mr. Geoffrey Grant to its Board of Directors. Mr. Grant comes to the Cadiz Board with over 25 years of experience working in the finance and investment industry.

Mr. Grant is presently a Managing Partner and Chief Investment Officer of Peloton Partners LLP ("Peloton"), a global asset management firm launched in 2005. Since Mr. Grant co-founded Peloton, the firm has grown to manage a $2 billion macro-oriented hedge fund.

Prior to founding Peloton, Mr. Grant was with Goldman Sachs for 15 years, from 1989 to 2004. Mr. Grant's last responsibility at Goldman Sachs was as Head of Global Foreign Exchange and Co-head of the Proprietary Trading Group in London. Mr. Grant began his career at Morgan Stanley, working in New York and Tokyo from 1981 to 1989.

Founded in 1983, Cadiz Inc. is a publicly held water resource and real estate development firm. The Company owns significant landholdings with substantial water resources in eastern San Bernardino County, California. Further information on the Company can be obtained by visiting our corporate web site at www.cadizinc.com 

Contact:

Cadiz Inc.
Courtney Degener, Investor Relations Manager
Don Iselin, Chief Financial Officer
213-271-1600

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